$46B in bad loans written off, yet auto sales soar. People can’t afford to buy a house but they’ll buy cars all day long.

Credit card companies wrote off $46B in seriously delinquent loan balances in just the first 9 months of 2024. 50% increase YoYHighest in 14 years pic.twitter.com/IH3yW47xHq — Darth Powell (@VladTheInflator) January 3, 2025 Linkhttps://t.co/wD6lnwO923 — QE Infinity (@StealthQE4) January 3, 2025 Auto loan delinquency rates are at their highest in …

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The White House has announced an enormous $2.5 billion dollars aid package to Ukraine today.

by External-Noise-4832 Reuters – The United States on Monday announced nearly $6 billion in additional military and budget assistance for Ukraine as President Joe Biden uses his final weeks in office to surge aid to Kyiv before President-elect Donald Trump takes power. Biden announced $2.5 billion in additional security assistance for …

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Worst Single-Family house sales since 2008

Here is why? Prices are too high Rates are too high Lack of inventory due to no one giving up 2-4 percent rates Wall St has bought up hundreds of thousands of property to rent out Average People cannot afford average house h/t GoldFerret6796

Rep. Thomas Massie Asks Followers to Weigh in on January 3 House Speaker Election in X Poll – Results are BRUTAL for Mike Johnson

Rep. Thomas Massie (R-KY) posted a poll on X early Wednesday morning, asking users on the platform if failed House Speaker Mike Johnson should be reelected to serve another term as Speaker on January 3, 2025. Poll respondents, most of whom are likely Republican voters, overwhelmingly called for Johnson to …

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7 Reasons NOT TO Buy A House In This ECONOMY!

There are seven very important reasons you should not be buying a home in this economy, especially going into 2025. There is a lot of uncertainty surrounding the future of the US economy and you have to ask yourself if you really want to be a new homeowner saddled with …

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Biden and Kamala cancel trips, (suddenly) race back to White House.

WHAT'S GOING ON WITH KAMMY AND JOE. Kamala abruptly cancels her planned trip to California and races back to the White House, per reporters. Biden also just suddenly returned to DC, after he was expected to stay in Delaware until after Christmas.pic.twitter.com/1af9xrIeXT — Citizen Free Press (@CitizenFreePres) December 20, 2024

The Omnibus bill has been pulled from the House floor following pressure from Elon Musk

https://twitter.com/_/status/1869500558731833386 Your elected representatives have heard you and now the terrible bill is dead. The voice of the people has triumphed! VOX POPULIVOX DEI — Elon Musk (@elonmusk) December 18, 2024 🇺🇸WTF IS AN OMNIBUS, AND WHY IS CONGRESS USING IT TO RUIN CHRISTMAS? An omnibus bill is Congress’s sneaky …

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Wait, what? The White House says the government doesn’t have the authority to shoot down drones.

Homeland Security Secretary Alejandro Mayorkas on Friday said the government doesn’t have the authority to shoot down drones https://www.foxnews.com/live-news/new-jersey-mysterious-drone-sightings-live-updates So any country can just violate our airspace and we are just helpless? This is one of the stupidest things I’ve heard yet under the current administration. Are they really this …

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RFK Jr. reveals Zuckerberg admitted White House pressure to censor political opponents.

TLDR: Robert F. Kennedy Jr. reveals Mark Zuckerberg admitted White House pressure to censor political opponents. RFK Jr. won a case reinstating his injunction against censorship by the White House. Judge Doty’s decision details White House involvement in ordering social media censorship, including Zuckerberg removing RFK Jr.’s Instagram. The FBI …

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The cost to buy is surging far beyond renting. Income needed to buy a house now dwarfs median U.S. income, making the subprime bubble seem minor by comparison.

https://imgur.com/cost-to-buy-significantly-outpacing-cost-to-rent-now-posted-response-to-rental-price-increases-VMXMPkM Income needed to buy a house vs. median income in the US. Subprime bubble looks almost cute in this chart. Ht @nickgerli1 pic.twitter.com/zPfUf2uaDc — Michael A. Arouet (@MichaelAArouet) December 13, 2024 All one needs to know about successful investing in one sophisticated chart 👇 pic.twitter.com/mspgDVgXtJ — Michael A. Arouet …

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The housing market is frozen. No buyers, no sellers, as prices aren’t agreed on. Annual income needed to buy a house reaches a 125-year record high.

Yup. So the housing markets just sits here and does nothing. No buyers no sellers because they can’t agree on an affordable price https://t.co/UFEektfCKe — QE Infinity (@StealthQE4) December 12, 2024 Annual income needed to buy a house over last 125 years. pic.twitter.com/RD57b008BQ — Nick Gerli (@nickgerli1) December 12, 2024

Feds using banks to surveil Americans’ financial data without warrants, House Judiciary says

Federal law enforcement has been manipulating the Suspicious Activity Report (SAR) system to gain access to Americans’ financial information without warrants or probable cause , the House Judiciary Committee said Friday. The panel and its Subcommittee on the Weaponization of the Federal Government released its interim report, first obtained by …

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People who make $160,000 can’t buy a house without government assistance. This country is so broken. Without the inflated real estate market masking the truth, Canada’s economic downturn would be clear to everyone.

Without the inflated real estate market masking reality, 🇨🇦 economic downturn would be clear to everyone. pic.twitter.com/HYEjXawcWi — Shazi (@ShaziGoalie) December 9, 2024 People who make $160,000 can’t buy a house without government assistance. This country is so broken. pic.twitter.com/2lXf26PKHp — red pill rick (@igetredpilled) December 8, 2024 Bank of …

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AOC launches bid for top Dem on key House committee

‘This is not a position I seek lightly.’ Democratic Rep. Alexandria Ocasio-Cortez of New York formally announced her bid to lead her party on the House Oversight and Accountability Committee in the 119th Congress on Friday. Ocasio-Cortez is now set to run against Democratic Rep. Gerry Connolly of Virginia to …

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On Joe Rogan : “The House released a 500 page report on the ‘Pandemic’. They basically said all of the conspiracy theorists were correct. Every single one of them. No repercussions…no apologies. None of it…”

Correct @joerogan…the Conspiracy Theorists were right… “The House released a 500 page report on the ‘Pandemic’. They basically said all of the conspiracy theorists were correct. Every single one of them. No repercussions…no apologies. None of it…” pic.twitter.com/bcOo9ERNyp — Liz Churchill (@liz_churchill10) December 5, 2024 Summary: https://oversight.house.gov/release/final-report-covid-select-concludes-2-year-investigation-issues-500-page-final-report-on-lessons-learned-and-the-path-forward/ Actual document: https://oversight.house.gov/wp-content/uploads/2024/12/2024.12.04-SSCP-FINAL-REPORT-ANS.pdf …

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Global Banking – A House of Cards Waiting to Fall

A banking crash in one part of the world doesn’t stay there; it’s a global game of dominoes where banks fall one after the other. The system is interconnected, fragile, and teetering on the edge. Here’s why. 2/10 Global banks are like a web – intertwined through lending, borrowing, and …

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Oh, sure, another bull run sounds totally likely with sky-high stock prices and a crumbling economy. Santa comes to town or this house of cards explodes at all time highs?

I worry about this too. I don’t see how you have another stock market bull run given how overpriced equities are along with how bad the economy is. It’s going to get worse before it gets better. https://t.co/16VaPMt40N — QE Infinity (@StealthQE4) December 4, 2024 🇺🇸 S&P 500 Asset managers …

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Buying a home right now at these elevated prices makes absolutely zero sense with rates this high. You can smell the desperation of the agents any house you walk into.

Yeah, I go to open houses every weekend, because I would like to buy a house but by the end of the day I’m just depressed. Rates double from a few years ago, sky high prices, and most houses need some work. People are pricing their houses higher than what …

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